FOCUS OF THE WEEK!
Dear traders,
The upcoming week promises to be extremely saturated with statistics from different countries. What are the only meetings of the Fed and the ECB, which will take place in the week, but about everything in order.
Statistics on the UK, which will be released gradually until Thursday will open week. So, during the week the pound is expecting very volatile trades on the publication: data on the manufacturing industry, the employment report, inflation and retail sales. So many news can have a significant impact on the pound.
One of the main events of the week will be the publication of the results of the Fed meeting (Wednesday), which is expected to raise rates. But the market has already considered this probability in the value of the dollar. And now it will expect data on the number of rate hikes this year.
The second significant event of the week will be the ECB meeting (Thursday). And the main focus of the market will be focused on the program of stimulating the economy (QE), rumors of curtailing which provided support for the euro in the previous week. Therefore, the main focus of the market will be focused on it.
With corporate reporting this week is also modest. The reports will be published by: H & R Block (HRB) and Adobe (ADBE).
In addition to the planned news, the market will continue to analyze the G-7 summit and the statements made on it. Therefore, the opening of the week can be with gaps. Also, the market will expect new data on the trade confrontation of the US, which can also add volatility to trading earlier this week. (Anton Hanzenko)
Have a good trading week!
Trade and earn!
We would like to remind you that you can always get acquainted with the upcoming news in the Economic Calendar, and in the Analytics section there are technical analysis, experts’ opinions and Trade signals!
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